The Canadian-headquartered company said that, under new three-year shuttle tanker contracts of affreightment (CoA), with extension options, it will transport oil produced from Glen Lyon starting in the first half of 2017 for partners BP, Shell and OMV of Austria.
The work is expected to require two shuttle tankers, Teekay said, from its existing CoA shuttle tanker fleet.
The value of the deal was not disclosed.